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GPT Infraprojects shares surged 6% intraday after the company emerged as the L1 bidder for a ₹199.1 crore order.
In simple terms, an L1 bidder is the company offering to do the job for the lowest price, so it is usually the first choice to get the contract.
GPT Infraprojects, part of Kolkata’s GPT Group, is an infrastructure company operating in Infrastructure projects and railway sleepers.
The deets: this contract is to build two major railway bridges. The company will construct the base, make the main steel structure, and place the bridge spans for Bridge No. 247 and Bridge No. 287.
It also includes building strong foundations in the Rapti river to support a double railway line that can handle heavier 25-tonne axle-load trains, on the Khalilabad-Bahraich route under North Eastern Railway.
Why it’s important: this project will make travel faster, safer, and far more reliable. Stronger bridges and a double railway line that can handle heavier 25-tonne axle-load trains mean more passenger trains, smoother freight movement, and fewer delays on the Khalilabad–Bahraich route.
